Apple backs startup Gamma

 

Apple is backing a content creation startup, Gamma, by former Apple Music Global Creative Director Larry Jackson and music executive Ike Youssef. 

 "[Artists] shouldn't have to jump through multiple hoops to express themselves," said Jackson. 

  • The company will support content creation and provide audio and video distribution through its recent acquisition, Vydia.
  • The startup has agreements with Snoop Dogg and the Death Row catalog.
  • Gamma's backers include independent studio A24 and Todd Boehly's Eldridge. 
  • The company reportedly has access to $1B in available capital through equity and debt.

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